Healthcare of Ontario Pension Plan Trust Fund Makes New $9.07 Million Investment in Morningstar, Inc. (NASDAQ:MORN)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,413 shares of the business services provider’s stock, valued at approximately $9,070,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Morningstar at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Morningstar by 19.6% in the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after acquiring an additional 38 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Morningstar by 4.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock worth $256,000 after acquiring an additional 40 shares in the last quarter. CWM LLC lifted its stake in Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after acquiring an additional 40 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in Morningstar by 2.0% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider’s stock worth $727,000 after acquiring an additional 51 shares in the last quarter. Finally, BCGM Wealth Management LLC lifted its stake in Morningstar by 1.7% in the 4th quarter. BCGM Wealth Management LLC now owns 4,308 shares of the business services provider’s stock worth $1,233,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Stock Up 6.5 %

Morningstar stock traded up $19.83 during mid-day trading on Thursday, hitting $324.83. The company’s stock had a trading volume of 165,492 shares, compared to its average volume of 118,403. Morningstar, Inc. has a 52-week low of $213.38 and a 52-week high of $330.22. The firm’s 50 day moving average is $296.55 and its 200 day moving average is $293.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $13.89 billion, a PE ratio of 65.72 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%. The company had revenue of $571.90 million during the quarter.

Morningstar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Insider Transactions at Morningstar

In other news, Director William M. Lyons sold 750 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $289.07, for a total transaction of $216,802.50. Following the transaction, the director now owns 16,590 shares of the company’s stock, valued at approximately $4,795,671.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director William M. Lyons sold 750 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $289.07, for a total transaction of $216,802.50. Following the transaction, the director now owns 16,590 shares of the company’s stock, valued at approximately $4,795,671.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $289.22, for a total value of $2,620,911.64. Following the transaction, the chairman now directly owns 10,648,928 shares in the company, valued at approximately $3,079,882,956.16. The disclosure for this sale can be found here. Insiders sold 77,952 shares of company stock valued at $23,001,340 in the last three months. Corporate insiders own 39.90% of the company’s stock.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.